Egg prices are still going way up in the grocery store.
In January, egg prices rose 8.5% compared to the month before, according to inflation data released by the Bureau of Labor Statistics Tuesday. In the year through January, egg prices soared 70.1%. A highly-contagious, deadly avian flu has wreaked havoc in the egg market, constraining the national egg supply. That, plus higher feed and transportation costs for producers, has raised prices.
But there were some items that got less expensive. Bacon prices dropped 3.9%, and uncooked beef steaks fell 3%. Overall, groceries got 11.3% pricier over the course of the year, while menu prices grew 8.2%. Together, food prices went up 10.1% for the year, eclipsing overall inflation of 6.4%. The government uses certain tools, like interest rates, to try to stem price increases in general. But it has made limited attempts to control food prices.
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